Antero Midstream (NYSE:AM) Hits New 52-Week High – Time to Buy?

Antero Midstream Co. (NYSE:AM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $16.87 and last traded at $16.86, with a volume of 3660291 shares. The stock had previously closed at $15.85.

Analyst Upgrades and Downgrades

AM has been the subject of several analyst reports. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research report on Wednesday, December 18th.

Antero Midstream Stock Down 0.8 %

The business’s 50 day simple moving average is $15.68 and its 200 day simple moving average is $15.19. The company has a market capitalization of $8.03 billion, a PE ratio of 20.60 and a beta of 2.31. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.16% and a return on equity of 18.91%. As a group, analysts forecast that Antero Midstream Co. will post 0.83 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were paid a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.39%. Antero Midstream’s payout ratio is 111.11%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new stake in Antero Midstream during the third quarter worth about $38,000. Financial Management Professionals Inc. boosted its stake in Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company’s stock worth $41,000 after purchasing an additional 1,000 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream in the third quarter valued at $48,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Antero Midstream by 21.9% in the third quarter. Abich Financial Wealth Management LLC now owns 4,545 shares of the pipeline company’s stock valued at $68,000 after buying an additional 818 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.